Lloyd Inc. has sales of $600,000, a net income of $48,000, and the following balance sheet: Cash $96,900 $129,960 Accounts payable Notes payable to bank Receivables 186,960 60,420 Inventories 456,000 Total current liabilities $190,380 Total current assets $739,860 Long-term debt 188,100 Net fixed assets 400,140 Common equity 761,520 Total assets $1,140,000 Total liabilities and equity $1,140,000 The new owner thinks that inventories are excessive and can be lowered to the point where the current ratio is equal to the industry average, 2.5x, without affecting sales or net income. If inventories are sold and not replaced (thus reducing the current ratio to 2.5x); if the funds generated are used to reduce common equity (stock can be repurchased at book value); and if no other changes occur, by how much will the ROE change? Do not round intermediate calculations. Round your answer to two decimal places. % What will be the firm's new quick ratio? Do not round intermediate calculations. Round your answer to two decimal places